NEW YORK: DuPont de Nemours Inc plans to split into three publicly traded companies, joining a list of industrial conglomerates seeking to boost returns by breaking into smaller, more focused businesses.
The company will separate its electronics and water units through tax-free transactions, DuPont announced Wednesday in a statement. The remaining operations will be focused on industries such as biopharma and medical devices, with products including Tyvek and Kevlar.
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